NN Gets Orders to Make Components for Robotic-Assisted Surgery Platform

NN (NNBR) said Monday it has received initial purchase orders from an unnamed company to make components for a robotic-assisted surgery platform. NN said its Kentwood, Michigan, plant has passed an audit that allows it to make components for the robot-assisted surgery market. The company said its medical new business pipeline has increased by about $25 million to roughly $75 million. NN's total corporate new business pipeline is over $750 million, including products for all markets, it said. Price: $3.60, Change: $+0.11, Percent Change: +3.12%